That’s the general idea on how Prop 13 works - what you miss is that it can simultaneously make any new development attractive relative to a frozen parcel and make dense residential development less attractive than competing land uses. Why build apartments when you can build a hotel? That’s if the incumbent wants to sell in the first place, which they historically don’t since there’s little to no economic pressure to do so.
Your parking spaces point is somewhat circular. Southern California is not uniformly dense. The major reason for why there’s so much parking is because it was mandated by the government.
I think we’re on the same path to reasoning though: status quo zoning in expensive US metropolitan areas generally sucks, Reagan-era housing tax policy also sucks.
Your parking spaces point is somewhat circular. Southern California is not uniformly dense. The major reason for why there’s so much parking is because it was mandated by the government.
I think we’re on the same path to reasoning though: status quo zoning in expensive US metropolitan areas generally sucks, Reagan-era housing tax policy also sucks.